Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Artemis launches European fund for Steer & Casson

Artemis launches European fund for Steer & Casson

Artemis is to launch a Pan European Absolute Return fund for star manager Tim Steer.

Subject to regulatory approval, the fund will be co-managed by Citywire AAA-rated Steer (pictured) and Paul Casson, who joined Artemis last year from Henderson. The fund will replicate the Artemis Pan European hedge fund strategy, a Cayman Islands-domiciled vehicle managed by Steer and Casson.

Between August 2009 and March 2014, the fund posted net annualised returns of 10.9%.

The fund was formerly Artemis's UK hedge fund, the Artemis Pan-European Hedge fund was relaunched in September last year. It was previously managed solely by Steer, but the refocused vehicle is co-managed by Casson.

While exact timings are yet to be decided by Artemis, the  asset manager expects that the new fund will launch in the third quarter, initially for sterling investors.

Multi-currency share classes are also expected to become available in the fourth quarter of 2014, allowing international investors to access the fund.

At first two sterling share classes will be made available: a retail share class with a 150 basis points (bps) annual management charge AMC and institutional share class with a 75bp AMC.

Subject to a high watermark, a performance fee will also apply.

Commenting on the launch, Richard Pursglove, Artemis’ head of retail, stated: 'We are delighted to bring this strategy to a wider audience. We are doing so in an Ucits  fund for the first time, and in a sector that continues to be popular with our clients.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Tim Steer
Tim Steer
15/150 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 51.86%
Paul Casson
Paul Casson
23/182 in Equity - UK (All Companies) (Performance over 1 year) Average Total Return: 11.38%
Citywire TV
Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter